The Metaverse is popular in developing countries, but not in developed countries, according to a World Economic Forum poll


According to a poll performed by the World Economic Forum, interest in the Metaverse and virtual or augmented reality (VR/AR) is substantially higher in poor nations than in high-income ones (WEF).

The survey’s results were released on May 25 by market research firm Ipsos, demonstrating that the concept is now widely recognized: 52 percent of more than 21,000 adults surveyed across 29 countries are familiar with the Metaverse, and 50 percent have positive feelings about engaging with it in everyday life.

China, India, Peru, Saudi Arabia, and Colombia were the top five nations with at least two-thirds of respondents expressing good views toward them.
China had the most favorable emotions about utilizing a metaverse on a daily basis, with 78 percent, followed by India with 75 percent.

The countries with the lowest scores, with fewer than one-third of respondents favorable about the Metaverse, also had the greatest incomes.

Japan scored the lowest, with just 22% expressing good emotions, followed by the United Kingdom (26%), Belgium (30%), Canada (30%), France (31%), and Germany (31%). (31 percent ).

Surprisingly, the notion was less well-known in high-income nations as well, with less than 30% in France, Belgium, and Germany.

Turkey had the highest level of familiarity with the Metaverse, at 86 percent, followed by India (80 percent), China (73 percent), and South Korea, a higher-income nation (71 percent ). With a score of 27%, Poland came in last.

Respondents were also polled on which aspects of their lives they believe the Metaverse will have the greatest influence. South Africa, China, and India concurred that virtual learning, entertainment, digital socializing, and even applications like remote surgery will have a significant influence on people’s lives.

Again, the lowest percentages of individuals who felt that Metaverse apps will considerably impact people’s life came from high-income Japan, Belgium, and France.

According to an April research from cryptocurrency exchange Gemini, half of respondents in India, Brazil, and the Asia Pacific area acquired their first coin in 2021, indicating that developing nations are more passionate about crypto and blockchain in general.

The paper argued that inflation and currency depreciation are the driving forces behind crypto adoption in such places, claiming that inhabitants of countries with 50% or more currency depreciation were five times more likely to plan to buy crypto than residents of nations with less inflation.

called “Chancers” who lost $ 2.4 million in the LUNA crash was identified as an unknown person visiting Terraform Labs’ founder Do Kwon.

In the investigation, the unknown person who was visiting Do Kwon’s home and founder of Terraform Labs has been identified and later arrested.

  • The BBC News report reports that an AfreecaTV streamer who goes by “Chancers” was the desperate man who knocked on the controversial executive’s home earlier this month.
  • In 2017, the social media personality made a large profit after entering the digital asset space.
  • Almost $800,000 was invested by Chancers in LUNA. During the latest crash, he lost around $ 2.4 million.
  • According to him, he was quoted saying:

In my mind, it felt like I was going to die. A lot of money was lost in a short period, I lost a lot. Approximately $2.4m (£1.9m) of my cryptocurrency was wiped out. I was in the top 1% for my finances here. In Korea, I was one of them. And thanks to the crash, I’m in trouble.

  • The South Korean law enforcement department was trying to identify the person who came into Kwon’s apartment and asked his wife about his location on Thursday, May 12.
  • According to the media, police were looking for the uninvited guest after Kwon’s wife urged for protective custody.
  • After the following day, Chancers was voluntarily surrendered to his superiors at the Seoul police station.
  • Kwon’s home was visited by the streamer, who revealed his visit to Kwon’s house and live-streamed the episode to nearly 100 people via the streaming platform.
  • In addition, the downfall of Terra LUNA is engraved like a pity for crypto investors, and this is one of many new examples people doing desperate things.
  • It became known that the founder, infamous for his self-assured behavior and brazenly rudeness, has been fined with multimillion dollar penalties.